Ashish Kacholia stock in focus after securing domestic order worth ₹47 Cr

SYNOPSIS: M & B Engineering secured a Rs. 47.66 crore domestic order, including erection work for design, engineering, manufacturing and supply of pre-engineered buildings, to be executed within five months.

During Friday’s trading session, shares of one of India’s leading Pre-Engineered Buildings (PEBs) players are in focus on NSE, after the company announced securing a domestic order worth more than Rs. 47 crores for pre-engineered building/structural steel.

Stock Performance

At 02:43 p.m., shares of M & B Engineering Limited were trading at Rs. 300.05 on NSE, compared to its previous closing price of Rs. 317.45, with a market cap of Rs. 1,714.7 crores.

Shares of M&B Engineering made a muted debut on the stock exchanges on 6th August 2025, listing flat at the issue price. The stock opened at Rs. 386 on the BSE and Rs. 385 on the NSE. The Rs. 650-crore public issue comprised a fresh issue of Rs. 275 crore and an OFS worth Rs. 375 crore, with a total of 1.68 crore shares offered to retail investors. Since its listing, the stock has delivered negative returns of around 31 percent, and has fallen by nearly 19 percent in the last one month.

What’s the News

According to the latest disclosures filed with the stock exchanges, M & B Engineering Limited, along with its wholly owned subsidiary, has secured a sizable domestic order. The company didn’t disclose the name of the customer due to confidentiality reasons.

The total order value stands at Rs. 47.66 crores, which includes an erection order worth Rs. 7.09 crores, along with applicable GST, awarded to its wholly owned subsidiary, Phenix Building Solutions Private Limited. The contract involves the design, engineering, manufacturing and supply of pre-engineered building/structural steel, and is scheduled to be executed within around 5 months.

Previously, on 13th January, M & B Engineering had secured an order worth Rs. 63.5 crores for the same scope of work – design, engineering, manufacturing and supply of pre-engineered building/structural steel – from an undisclosed customer. That order is scheduled to be completed within a period of 8.5 months.

Financials & More

M&B Engineering reported a significant growth in its revenue from operations, showing a year-on-year increase of around 60 percent from Rs. 52 crores in Q2 FY25 to Rs. 83 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 7 crores to Rs. 16 crores, representing an impressive rise of nearly 129 percent YoY.

As per the December 2025 shareholding pattern, the ace investor Ashish Kacholia, through his investment firm Bengal Finance and Investment Pvt Ltd, holds a total of 1.27 percent stake in the company.

M & B Engineering Limited is engaged in the business of offering comprehensive turnkey solutions, including project design, engineering, manufacturing and erection in accordance with customer requirements across industrial and infrastructure segments.

Its business is structured into (a) Phenix division, which provides comprehensive solutions for PEBs and complex structural steel components; and (b) Proflex division, which provides self-supported steel roofing solutions.

The company has an installed capacity of 1,03,800 MTPA related to PEB structures and 18,00,000 square metres per annum for Self-Supported Roofing solutions as of March 2025. As of September 2025, M & B Engineering reported a consolidated order book worth Rs. 930.56 crores.

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